"Stocks Fluctuate Amid Strong Jobs Report and Mixed Weekly Performance"
TL;DR Summary
Stocks fluctuated after a strong December jobs report, with the U.S. economy adding 216,000 jobs, surpassing expectations and keeping the unemployment rate steady at 3.7%. This robust labor data may influence the Federal Reserve's interest rate decisions, potentially delaying anticipated rate cuts. Meanwhile, service activity slowed, and bond yields rose. In other news, AMC shares hit a new low, Maersk rerouted ships due to Red Sea tensions, and OpenAI is negotiating content licensing with publishers.
Topics:business##economicdata#federalreserve#finance-and-business#interestrates#jobsreport#stockmarket
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